08/20/2026
Fourteen years before I became active in politics, the national debt was approximately $4T.
When I first became active in politics, in February 2006, the national debt had doubled to $8.3T.
In February 2020, 14 years after that, we were on the precipice of $23T. The debt was almost 3x what it was just 14 years prior.
Today, less than 7 years later, we roll over $40T, and on a trajectory to be 5x of 2020 in 2034. I'm calling it now: the national debt will be over $110T by February 2034.
Keep in mind that there's approximately $9T in circulation worldwide, and with all money supplies factored in, there's approximately $130T worldwide.
A country with a 250 year history, and we've seen witnessed the complete abdication of any fiscal responsibility whatsoever in just the last 34 years. And the worst part is, the people who voted to run up the tab are ditching the bill and sticking it with their grandkids and great-grandkids. Young adults have a right to be upset about that.
Minor cuts throughout the 90s would have prevented this (and helped for the whopping 2 years at the end of the 90s with a mostly-balanced budget). Noticeable cuts in the 00s would have prevented this. Painful cuts in the 10s would have prevented this. But here we are, over halfway through the 20s; still unwilling to make any cuts, and still running up the tab.
But at least we have cheap gas. Oh, wait...